Training Re-Focus
The introduction of the level 1 regulatory examinations in November 2010 shifted the focus from product training to RE preparation. Up to the end of 2009, when FSPs and reps needed a minimum […]
Industry News
Videos
Watch: MBSE launches RE training for FAIS representatives
Watch: FPI Financial Planner of the Year on key issues shaping the financial landscape
Animated video explains the two-pot retirement system
NCA Credit providers’ FICA obligations
NCR Desktop Audits
Is South Africa on track to getting off the grey list?
Looking back at this year’s FPI Professional’s Convention
Enhance your HR skills by attending our insightful webinars in November
Webinars on how to investigate misconduct and address poor performance
Our own Second Transition?
The financial services industry cannot be seen in isolation to what happens in the rest of the country. President Zuma’s recent initiative regarding matters of state should also be applied to what happened […]
Assistance with Licensing Requirements
In all endings, there is always a beginning. On Friday, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us in […]
Insurance – The socio-political silver bullet
I have been meaning to write on this topic for a while now but, having listened to a few socio-political economists/ analysts (the titles vary quite a bit) over the last three weeks, […]
Annual Financial Statements
The information below was published in FAIS Circular 5 of 2012. We extracted what we regard as the essence of the communication to assist readers in complying with this annual obligation. Section 19 […]
The end of the innocence
When the Eagles recently visited our shores, I was one of the first to book my seat for a trip down memory lane with songs I still know off by heart. The title […]
Top SA financial journalists honoured at Sanlam Awards
Investigative journalist, Lindokuhle Xulu of Financial Mail, has scooped the Financial Journalist of the Year award at the Sanlam Awards for Excellence in Financial Journalism which were presented in Johannesburg on Tuesday night. […]
Where does FAIS find itself?
Amongst others, the objective of the FAIS Act and subordinate legislation may undoubtedly be summarised as the professionalisation of the financial services industry as well as the protection of financial services consumers. As […]
Exemption from Submission of Audited Financial Statements
Readers may recall that certain categories of FSPs were allowed to apply for exemption from the obligation to submit audited financial statements. The deadline for such applications was 31 May 2012. Bronwen Allan, […]
What happens after 30 June 2012?
The industry appears to be anxiously waiting for an answer to this question from the FSB. There are certainly guidelines about what can happen, but will the circumstances call for a new approach? […]
FSB Workshops for 2012
Registration for the FSB workshops opened at 09h00 today. Most of these will be telematic broadcasts, similar to those held last year. We were asked to assist with the distribution of DVDs for […]
FSB Levies for 2012/2013
The FSB announced the levies payable for 2012/2013 in Board Notice 101 of 2012 last week. My colleague, Paull Lawrence, updated his levy calculator with the latest data. This can be used to […]
FSB and Ombud levies announced
The proposed increase in levies is between 8% and 10%. The announcement from the FSB, prior to it being gazetted, also contains guidelines for those who intend leaving the industry. My colleague, Paull […]
Credits and Competence
RE Credits Over the last two weeks we received a number of enquiries from readers regarding the regulatory exams and credits. How many credits do I need to to qualify to write the […]
Protecting clients against themselves
This past weekend’s Personal Finance saw a lot of cover given to the dilemma of retirees outliving their retirement savings, particularly those making use of living annuities. Old Mutual launched a new Retirement […]
Compliance Report 2012: Shark scare for Sole Prop
A Moonstone Protector client received a notification from the FSB regarding the submission of his annual compliance report. The following sentence concerned him, and he contacted us: “In terms of the provisions of […]
Unsustainable Growth a major concern
The latest GrayIssue from Allan Gray contains some sobering thoughts on a ticking time bomb that the government appears to be ignoring in their quest to stay in power. For some time we […]
